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Priceprojections

Bitcoin to 60k - Clarification on the Last PostApologies for the multiple posts on the same topic readers. One of my followers kindly pointed out that we had already hit 64.8k and I realized that I had not proof-read my work before sending out. The title of the last post was supposed to say that Bitcoin was headed to 60k not 64.8k. I have corrected this where I can but unfortunately, am not able to correct this on TV. So, since we’ve hit 64.8k already, the projected price trajectory that I meant to describe can be seen in the chart above. Essentially, it is this: we bounce to 69k and create a new lower high, then we drop back down to 64.8k and break it, dropping further to our multi-year support at around 60k. It is at this point the market will have a decision to make. Do we drop further and retest 48k or do we bounce and head towards that 80k target overhead? As long as we remain on the top side of that multi-year support/resistance trendline, my bet is that we’ll hit 80k next. Hope this clarification makes more sense. Best, Stew
INDEX:BTCUSDShort
by stewdamus
SPY - How to project fear if it had a number...A special today... I just saw this and thought it was a good opportunity to show how I use Fibonacci and geometric symmetry to help do some projections. Here are the steps for the SPY hourly charts currently... 1. Draw a Fibo retracement from the last high (22/7) to the last low (22/7) 2. Note that the rebound (currently) only got to the 0.5 (50%) Fibo retracement level. So, we expect and extension to the 1.5 (150%) level. 3. Draw an arrow line from the high to the low, duplicate it and shift it across to the last lower high, from the 50% retracement level (white Fibo retracement drawing). This is the rough estimation and extension. 4. In an opposing manner, draw the next Fibo retracement from the low on 14/7 to the high on 22/7. Clearly, this retracement is in the opposing direction, extension to the upside. This is the grey Fibo retracement. 5. Note how the confluence of the 0.618 (61.8% / 62%) level coincides and aligns with the opposing 50% Fib level? This confluence should increase the likelihood and significance of this support/resistance level. 6. Circle the spot. That is where it should happen. Usually it is an early estimate. For more accuracy, you can use Gann fans to help in determining the time lines forward. I find this useful. Ta-da! Now we wait to see what happens over the next two days or so... Have fun and do leave a comment if this is helpful, or just appears nonsense to you. Ask any question if you'd like! First time I am doing something like this... hope you all enjoy it! Cheers!
AMEX:SPYEducation
by Auguraltrader
10
AAPL: Apple may be on the moveAAPL is on an attempt for a breakout above $124 - $125 with renewed positive sentiment and relatively strong momentum that started on Nov 24 -- so accumulating for couple of weeks now i have marked the next 2 price projections - if AAPL can break the $124 and stay above that price level, our projected next stop would be $130-$131, then from there, a possible bullish scenario may take us to $158 around the time for next earnings in Jan - this gives an upside of around 25% (and yes, it takes AAPL's market cap up to ~2.5T) the weekly view supports this scenario - my only issue on the weekly chart is, that while the momentum looks strong, the "prevailing sentiment" is not yet bullish enough (the green area marked by the yellow circle on the UTO) - that may mean that the expected move still needs to consolidate for few more days (maybe more) to collect enough steam. Note that AAPL had a lot of positive news (new and exciting products) recently and is expecting a strong quarter that may be further helped by the holiday shopping - also that AAPL has yet to move above the split price level (was $124.8) Disclaimer: I am long AAPL - This is just a possible scenario with mathematically calculated projections - no one can predict the future - please trade carefully and adjust to your risk tolerance. feel free to share thoughts.
NASDAQ:AAPLLong
by RedKTrader
Uber: Breaking out to a new rangeUber stands to benefit from possible recovery with positive vaccine news after hitting our previous projection, yesterday Uber broke out into a new price range and on good volume - our next projection based on price structure and volatility is a measured move of ~$13 from a base of $46.5 -- takes us to $59.5 the confirmation we need is that with a pull back, Uber bulls manage to keep the stock above support at $51.50 to $52 -- i have marked the possible path in white - we'll see. the weekly view supports this scenario with positive sentiment and an expanding buying pressure.
NYSE:UBERLong
by RedKTrader
MSFT: New All-Time-High with good upside (projection)Market reaction for the last earnings wasn't that positive, but today the move was strong and showed some bullish commitment and supported with large volume - don't believe that's only because of the new around TikTok but it may have helped. we're in all time high above $217 - and if the bulls can maintain that momentum (let's see reactions tomorrow and rest of week), we may project an upside of around 16% -- that takes MSFT to the range $250 to $255 before end of Q3 -- but that scenario is a very optimistic one and there's always the risk of headwind during these dynamic times. overall MSFT has been a great stock to own, and continues to be - and still show continuing growth potential - rewarding for the patient (position) traders.
NASDAQ:MSFTLong
by RedKTrader